The set of lower than expected consumer inflation data from the US was music of joy for investors. Stocks surged while treasury yield tumbled, on expectation that Fed is ready to start slowing down tightening Read more…
EUR/USD’s rise from 0.9534 resumed last week and surged to as high as 1.0363. Initial bias stays on the upside this week for 1.0609 fibonacci level next. On the downside, below 1.0221 minor support will Read more…
Enlarge (credit: Swedish Coast Guard/Getty Images) The first gas leaks on the Nord Stream 2 pipeline in the Baltic Sea were detected in the early hours of September 26, pouring up to 400,000 tons of Read more…
USD/JPY’s decline accelerated to as low as 138.76 last week. The development suggests that it’s already in correction to whole up trend from 102.58. Initial bias stays on the downside this week for 161.8% projection Read more…
GBP/USD’s rise from 1.0351 last week and the break of 1.1759 support turned resistance carries larger bullish implications. Initial bias remains on the upside this week. Firm break of 61.8% projection of 1.0351 to 1.1494 Read more…
USD/CHF fell sharply last week after completing a double top and hit as low as 0.9363. The strong down trend momentum suggests that larger trend has reversed. Initial bias stays on the downside this week Read more…
AUD/USD’s rebound from 0.6169 resumed and accelerated higher last week. The break of 0.6680 support turned resistance carries larger bullish implication. Initial bias stays on the upside for 161.8% projection of 0.6169 to 0.6521 from Read more…
USD/CAD’s correction from 1.3976 extended lower last week and further decline could be send. But strong support should be seen from 1.3207 cluster support (61.8% retracement of 1.2726 to 1.3976 at 1.3204) to bring rebound. Read more…
GBP/JPY’s correction from 172.11 extended lower last week, but bias would stay neutral first. Strong rebound from current level, followed by break of 166.06 minor support will turn bias back to the upside for retesting Read more…
EUR/JPY’s correction from 148.38 extended lower last week and it’s now drawing support from 55 day EMA (now at 143.54). Strong rebound from current level, followed by break of 145.02 minor resistance will turn intraday Read more…